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Korea M&A Corporation
Private equity firm to sell majority stake in Lotte Insurance
A majority stake in Lotte Insurance, South Korea's seventh biggest non-life insurer, has been placed for sale for over KRW2tn ($1.45bn).Local private equity firm JKL Partners is disposing of its stake of 77% in the insurer. JKL bought a 53% stake in Lotte Insurance for KRW373.4bn in 2019 and increased its ownership to 77% through the insurer’s rights offering in October of the same year. The tot..
News/M&A
2024. 5. 2. 22:32